Santander vs Banorte: debt refinancing
| Santander | Banorte | |
|---|---|---|
| APR (CAT) | 36% | 35% |
| Amount | $50k–$500k | $50k–$650k |
| Term | 24–72 meses | 24–72 meses |
| What sets it apart | Frequent campaigns for consolidation; typical monthly reduction 30-40% | Higher max amount; good approval for non-salaried with SAT package |
When to pick Santander
Santander wins in campaign — several times a year it cuts the refinancing rate 5-8 points. If your payroll is at Santander, direct advisor offers sometimes match promo without waiting. For consolidating medium debt (100-250K), a competitive option in window.
When to pick Banorte
Banorte wins outside Santander campaigns. APR 1 point below, max amount 30% higher, better service for non-salaried with SAT filing. For large consolidation (300K+) or profile with variable income, the more efficient option.
My recommendation
Santander campaign window: Santander in promo. Outside campaign or high amount: Banorte.
How we compare these two
The figures in the table — CAT, amount, term — come from each institution’s public rate sheet, not from us, and the commercial relationship never changes them. The «cheaper» verdict weighs the total cost for a standard profile; your own CAT depends on your Buró and income, so treat the numbers as a starting point and confirm the final terms on the lender’s site before signing. The order of offers across the site follows our published methodology.
Read the full editorial review of Santander or Banorte before deciding.